Hurco Companies (NASDAQ:HURC) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a sell rating in a report issued on Monday.

Hurco Companies Price Performance

NASDAQ:HURC opened at $21.40 on Monday. The company has a 50 day moving average price of $20.46 and a 200-day moving average price of $19.26. Hurco Companies has a 1-year low of $14.82 and a 1-year high of $28.20. The firm has a market cap of $138.03 million, a price-to-earnings ratio of -8.36 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. 74.36% of the stock is owned by hedge funds and other institutional investors.

About Hurco Companies

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.